Just thought you'd like to know, we have gone through $15, $16, and now $17 !!!!!!!!!!!!!!!
I am up 58% on the shares I now own, because I bought more while Ackman was selling
his to add to his J.C. Penny position! Maybe the young fellow was almost as impatient as you?
So 58% plus dividends, all since 1/13/12 !! If you can make money faster than that, you go right ahead. I am gonna hang on and SEE where this baby goes!
P.S. So let's see, if we made 58% in less than a year on everything we ever bought, would that be
EXCELLENT or just mediocre?
The point is not whether or not #$%$ was a good buy at $15 last year. #$%$ was required to issue $200 million worth of stock on the terms of their spin-off. They did not care if BAM bought it or anyone else. Unfortunately, nobody, including existing shareholders were willing to do so. I believe BAM bought about $190 of the $200 million required. If it was such a bargain why did nobody else out there step up? #$%$ shareholders should thank their lucky stars that BAM was willing to do this. It is great that #$%$ has gone up past this share price but BAM took a lot of heat at the time. BAM did not get a special deal. BAM took on a responsibility. I am sure they would have liked to buy #$%$ at $13 instead of $15 or use their capital elsewhere.
beejay, you called me an "idiot" on ggp message board. it's funny how the weak minded always blame others for their own errors.
call it what you want - you say "scam". perhaps but whatever it is, BAM did you a favor. it agreed to buy rouse at $15 when stock was trading for $13. in the process, it capitalized rouse above the then market rate. if you were smart, you would have taken that gift and loaded up when it was $13. instead you now watch helplessly as it approaches $18, its fair value. all while blaming someone else for your inability to take advantage of a freebie opportunity. that opportunity is gone now. weak.
you made yourself sound like a total idiot on that one, beejay.